International Tax

The growth of e-commerce and digital economy has created MNCs who operate from different jurisdictions and are not discharging tax on income generated in a country as they do not have a permanent establishment and advantages are taken through multiple treaties.

Section 206AA provides that any person entitled to receive income or amount on which tax is deductible under Chapter XVIIB shall furnish his permanent account number (PAN) to the person responsible for deducting such tax.